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Re falls from 11-week high on dollar buys

Source : BUSINESS_STANDARD
Last Updated: Mon, Jan 21, 2013 19:32 hrs
An employee arranges Indian currency notes at cash counter inside a bank in Agartala

The rupee retreated from its highest level in 11 weeks on speculation that importers boosted dollar purchases before a US market holiday today.

The rupee declined 0.1 per cent to 53.76 a dollar here, according to data compiled by Bloomberg.

Bonds close mixed
Government securities (G-sec) closed mixed on alternate bouts of buying and selling.

The benchmark 10-year bond yield closed steady at 7.86 percent after moving in a 7.85 to 7.88 percent band.

Call rates end higher


Call money rates at the overnight money market ended higher here today on good demand from borrowing banks. It finished higher at 8.08 per cent from the previous closing level of 7.75 per cent.


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